Stocks

Paul Tudor Jones positive about Bitcoin, compares it to 'Internet stocks in 1999'

Paul Tudor Jones positive about Bitcoin, compares it to ‘Internet stocks in 1999’

American billionaire hedge fund manager, Paul Tudor Jones made bullish statements about Bitcoin,  and compared Bitcoin and other cryptocurrencies to precious and industrial metals. In an interview with Julia La Roche of Yahoo Finance, Paul Tudor Jones expected Bitcoin to be “substantially higher” in 20 years and that Bitcoin had the “wrong market cap:”  In …

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Raoul Pal explains why he isn’t surprised by bitcoin’s correlation to stocks

Raoul Pal explains why he isn’t surprised by bitcoin’s correlation to stocks

Bitcoin’s value proposition in the eyes of investors has changed since its inception.  Over the past decade, investors have touted bitcoin as a superior method of payment as well as a kind of digital gold. Some proponents have highlighted its nature as an uncorrelated asset as one feature that could make it a unique addition …

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Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

Market Wrap: Stocks Make Gains While Bitcoin Sticks to $9,200

A bullish stock market left bitcoin behind Monday with the world’s oldest cryptocurrency trading flat. The absence of action in bitcoin is in contrast to the performance of global equities on Monday. Stocks across the world today:  “In recent trading sessions, bitcoin traded in a narrow range of $9,100-$9,200,” said Constantin Kogan, partner at cryptocurrency …

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First Mover: Bitcoin Recouples With Wall Street as Stocks Tumble, Fear Trade Returns

First Mover: Bitcoin Recouples With Wall Street as Stocks Tumble, Fear Trade Returns

In a redux of trading from the early days of the coronavirus crisis in March, bitcoin tumbled Thursday in tandem with a sell-off on Wall Street – rekindling an ongoing debate over the cryptocurrency’s use as a store of value. Prices for bitcoin fell 6.37% to about $9,100, as the Standard & Poor’s 500 Index …

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Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments

Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong.  Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent …

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